RBA to lift rates to 3.60% on March 7, finish at 3.85% in Q2 – Reuters poll
"The Reuters poll indicating an upcoming RBA rate hike to 3.60% on March 7 signals stronger monetary policy in Australia, likely weakening the AUD against the USD and contributing to the -0.61% EOD return."
EUR/CHF
EOD Return: -0.00%
Widening in nominal rate differential favours a modest uptrend in EUR/CHF – CIBC
"The article highlights a widening policy rate differential favoring the euro over the Swiss franc, suggesting expected CHF weakness which aligns with the negative return on EUR/CHF."
EUR/GBP
EOD Return: 0.01%
Trend stronger for GBP later in the year – MUFG
"MUFG’s outlook highlights a stronger GBP trajectory for the rest of the year, suggesting positive sentiment that likely drove the 0.58% rise in EUR/GBP."
EUR/JPY
EOD Return: 0.00%
EUR/JPY Price Analysis: Extra gains remain in store near term
"The article directly analyzes EUR/JPY price action and highlights key resistance levels, indicating potential upside momentum that aligns with the positive EOD return."
EUR/USD
EOD Return: 0.00%
EUR/USD regained 1.0600, extending its gains due to a soft US Dollar
"The article highlights a soft U.S. Dollar driven by falling Treasury yields and resilient US ISM non-manufacturing data, directly supporting the EUR/USD gain on March 3."
GBP/USD
EOD Return: -0.00%
GBP/USD remains near 1.2000 after US data, virtually flat for the week
"The US ISM Service PMI data directly influenced the GBP/USD pair, causing a dip to 1.1960 before a partial rebound, matching the day’s negative return."
NZD/USD
EOD Return: -0.00%
Further downside is possible in AUD/USD and NZD/USD before eventual basing and rebounds develop – CIBC
"CIBC’s forecast of further downside in NZD/USD directly signals expected price decline, aligning with the day’s -0.45% EOD return."
USD/BRL
EOD Return: -0.01%
USD/BRL: Scope for the Brazilian Real to catch up strength on China and favourable carry pick-up – MUFG
"The MUFG analysis highlights a potential short-term rally for the Brazilian Real against the dollar, indicating market expectations that could influence USD/BRL movements."
USD/CAD
EOD Return: 0.00%
USD/CAD stays firm at around 1.3620s post US ISM Services PMI
"The article highlights solid U.S. economic data (ISM Services PMI) and expectations of a Bank of Canada rate hold, directly supporting the USD’s strength against the CAD, which aligns with the 0.14% rise."
USD/CNY
EOD Return: 0.00%
USD/CNY fix: 6.9117 vs. the last close of 6.9193
"The PBOC’s daily midpoint fix at 6.9117 directly sets the onshore yuan rate, immediately influencing the USD/CNY pair and explaining the positive EOD return."
USD/IDR
EOD Return: -0.00%
USD/IDR to remain elevated near-term, ticking down to 14,700 by year-end – MUFG
"The MUFG report directly addresses USD/IDR dynamics, citing rising US yields and near-term headwinds for the Rupiah, which aligns with the negative EOD return."
USD/INR
EOD Return: 0.00%
USD/INR Price News: Indian Rupee rises to three-week high near 82.20 as yields pressure US Dollar
"The article reports the INR strengthening to a three‑week high near 82.20 driven by RBI’s hawkish stance and US dollar weakness, directly explaining the modest 0.13% gain in USD/INR."
USD/JPY
EOD Return: 0.00%
USD/JPY Price Analysis: Retraces toward 136.00 on soft USD
"It directly links the USD/JPY slide toward 136.00 with broad US Dollar weakness and explains how resilient economic data still failed to support the dollar, matching the modest positive return for the day."
USD/MXN
EOD Return: 0.00%
USD/MXN at brisk of plunging below 18.0000, US ISM Services PMI eyed
"The article reports a significant drop of USD/MXN below $18, attributing it to US ISM data and Banxico’s policy, directly explaining the currency’s appreciation on that day."